"Revenue" growth was also solid, albeit distinctly slower than
gross billings as a result of revenue mix (Groupon has launched
several new, lower-margin products that took "shelf-space" away
from the higher margin core local products). Revenue grew
9% sequentially to $430 million.

The company's operating loss shrank from $101 million last
quarter to $239,000 this quarter.

This suggests the company will soon be nicely profitable.

(The bottom line did benefit from some one-time gains, but the
operating profits are also getting closer to break-even,
especially when you exclude stock-based compensation. Excluding
stock-based comp, adjusted operating losses were $2 million
versus $60 million in Q2.)

So, analyze that, Groupon skeptics! Still think the company is
going bust?